Iron triangle
Any project is governed by three factors
These three are vital ingredients for developing a project.
Scope is defined by requirements.
Time defines how the scope of a project will be achieved
Cost defines the resource and material applicability
Questions: Think if any of these parameters are impacted what would happen. Lets do this with an example.
a) You have just been appointed as a project manager and while you are understanding the scope, you think the time left is too less and the cost which has been spent till now is very high. So according to you what would impact it would have.
Ans. Quality.
- Time
- Cost
- Scope
These three are vital ingredients for developing a project.
Scope is defined by requirements.
Time defines how the scope of a project will be achieved
Cost defines the resource and material applicability
Questions: Think if any of these parameters are impacted what would happen. Lets do this with an example.
a) You have just been appointed as a project manager and while you are understanding the scope, you think the time left is too less and the cost which has been spent till now is very high. So according to you what would impact it would have.
Ans. Quality.
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